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Environmental, Social, Governance, and Sustainable Business
ISSN : -     EISSN : 3062844X     DOI : https://doi.org/10.61511/esgsb.v1i2.2024
Core Subject : Science, Social,
Aims: ESGSB journal strives to contribute to the advancement of research on the integration of ESG principles into business practices to promote sustainability. The journal is dedicated to exploring how businesses can align their operations with ESG standards while ensuring sustainable growth. ESGSB aims to be a key platform for innovative research that connects theoretical approaches with practical applications in sustainable business strategies. Focus: The journal’s focus lies in research that delves into the convergence of environmental, social, and governance factors with business sustainability. It prioritizes studies that explore the incorporation of ESG principles into core business strategies and decision-making processes. The emphasis is on providing actionable insights and frameworks that help businesses enhance their sustainability performance while tackling environmental, social, and governance challenges. Scope: This journal seeks to publish a broad range of scholarly articles, including: 1. Incorporating ESG into Business Strategy: Investigations into how businesses are integrating ESG criteria into their strategic planning and operational practices. This includes examining ESG-driven business models, risk management approaches, and strategies for long-term value creation. 2. Sustainable Supply Chain Practices: Research focused on sustainable supply chain management, particularly how businesses address environmental and social impacts within their supply chains. Topics include ethical sourcing, resource efficiency, and circular economy implementation. 3. Corporate Governance and Leadership: Studies that analyze the influence of corporate governance and ethical leadership on fostering sustainable business practices. This area covers governance structures, stakeholder engagement, and mechanisms for accountability in support of ESG objectives. 4. Corporate Social Responsibility and Community Engagement: Research on how businesses are responding to social challenges through CSR initiatives and active community involvement. This includes exploring the effects of CSR programs on local communities, social equity, and human rights issues. 5. Business Innovation for Environmental Sustainability: Exploration of how companies are innovating to minimize their environmental impact and contribute to sustainability. Topics include the development of green technologies, eco-friendly products, and sustainable resource management practices. 6. ESG Reporting and Sustainability Metrics: Analysis of how businesses report their ESG performance and the tools used to measure sustainability outcomes. This includes the study of transparency, standardization in ESG reporting, and the implications of ESG disclosures for various stakeholders. This scope reflects ESGSB’s dedication to deepening the understanding of how businesses can successfully integrate ESG principles into their operations to achieve sustainable growth while making positive contributions to society and the environment. The journal is committed to publishing research that provides practical insights and effective strategies for improving ESG performance in the business sector.
Articles 1 Documents
Search results for , issue "Vol. 2 No. 2: (August) 2025" : 1 Documents clear
Tax policy and green sukuk in closing the sustainable finance gap Wicaksana, Radhitiya; Rahmawati, Silvia
Environmental, Social, Governance and Sustainable Business Vol. 2 No. 2: (August) 2025
Publisher : Institute for Advanced Social, Science, and Sustainable Future

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61511/esgsb.v2i2.2025.2708

Abstract

Background: Indonesia faces a significant climate financing gap, while existing fiscal instruments have not yet produced consistent reductions in financing costs or clearly measurable environmental outcomes. This study aims to propose an integrated mechanism that links environmental tax revenues with green sukuk, drawing on insights from the literature on green bond governance, risk-premium theory, climate budget tagging, and outcome-based budgeting to address persistent issues of project readiness, investor risk perception, and impact verification. Methods: The study applies a descriptive-analytical approach supported by quantitative modeling using 2018–2024 historical data on carbon tax potential, green sukuk yields, issuance volume, and selected outcome indicators, complemented by a theoretical review of the above frameworks. Findings: The analysis indicates that allocating 0.5–1% of environmental tax revenue into a Green Financing Reserve can reduce perceived risk, potentially lowering yields by 10–25 basis points and expanding issuance capacity, while improving project execution through milestone-based disbursement. This pattern is consistent with the theory that credible risk buffers and verifiable outcomes can compress risk premia and strengthen the causal chain from earmarked revenue to financing efficiency and environmental results (e.g., emission reduction and renewable energy deployment). Conclusion: The Carbon Tax–Backed Green Bond Enhancement Model offers a fiscally disciplined and outcome-oriented framework to enhance both the affordability and effectiveness of green sukuk as a climate financing instrument. Novelty/Originality of this article: This article introduces an integrated model that systematically links carbon tax revenues with sovereign green sukuk risk mitigation through a dedicated fiscal reserve aligned with syariah governance, offering a replicable and evidence-based mechanism for narrowing national climate financing gaps.

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